Lionsgate CEO Jon Feltheimer Leaps Past Les Moonves Among Highest-Paid Media CEOs
UPDATED: Lionsgate revealed Friday that its CEO earned $66.3 million in fiscal 2014, $2.7 million more than was previously disclosed, and more than the $65.6 million earned by the CBS CEO.
Lionsgate said in a regulatory filing Friday that CEO Jon Feltheimer's compensation for the company's most recent fiscal year was $66.3 million, $2.7 million more than the company disclosed in a filing on Tuesday.
The discrepancy comes by way of how Lionsgate accounts for stock awards, the studio said in its filing Friday.
Feltheimer's $66.3 million pay package was more than five times the $12.6 million he earned a year earlier and more than 10 times what he was paid the year before that. Lionsgate said earlier this week that the hefty boost is due to Feltheimer's new employment agreement reached in fiscal 2014.
With Friday's adjustment, Feltheimer leapfrogs over CBS CEO Les Moonves on the list of highest paid media CEOs. Moonves was paid $65.6 million in the most recent year, well ahead of Viacom CEO Philippe Dauman ($37.2 million) and Walt Disney CEO Bob Iger ($34.3 million).
Lionsgate, of course, has been benefiting handsomely from film franchises like The Hunger Games and popular TV shows like Mad Men. While it's stock is down slightly this year, it has risen more than 300 percent in the past three years.
Vice Chairman Michael Burns earned $8.5 million in the most recent fiscal year, down from $28.2 million a year earlier, according to Friday's filing.
James Barge, the CFO, earned $5 million while former CFO James Keegan was paid $2.6 million, up from $1 million.
Motion Picture Group President and co-COO Steven Beeks earned $1.73 million, down from $1.76 million and co-COO Brian Goldsmith earned $3.5 million, up from $3.4 million.